Binh Dinh attracts more foreign investment projects with total investment capital of 20 million USD
Binh Dinh has just attracted a project to produce high-end fashion products from Singapore with a total investment of more than 495 billion VND; scale of 7 million products/year.
A representative of the Binh Dinh Economic Zone Management Board said that the unit has just granted an investment certificate to HGQ Asia Pte Company (headquartered in Singapore) to implement the TnB Vietnam Fashion Products Factory Project .
The project is implemented at Lot A2, Hoa Hoi Industrial Park, Cat Hanh Commune, Phu Cat District. The project is divided into 2 phases, of which, phase 1 has an area of over 3.2 hectares, a scale of 1.5 million products/year, an investment capital of over 198 billion VND; phase 2 has an area of over 4.7 hectares, a scale of 5.5 million products/year, an investment capital of over 297 billion VND.
Phase 1 is expected to officially go into production and business in October 2026; the entire project will be put into operation in November 2027.
According to the Department of Planning and Investment of Binh Dinh province, in early November 2024, in addition to the project of HGQ Asia Pte Company, the locality attracted 2 domestic investment projects in Phu My district, including the GA Apparel Garment Processing Factory Project of GA Apparel Company with a total investment of 3.2 billion VND; The project of the factory producing plastic rattan tables and chairs, wooden tables and chairs, and pellets of Nam Viet General Production and Trading Company Limited in Dai Thanh Industrial Cluster with a total investment of more than 38.6 billion VND.
Since the beginning of the year, Binh Dinh has attracted 57 investment projects with a total registered investment capital of VND10,926.4 billion; including 54 domestic projects and 3 foreign investment projects. Of which, the industrial sector accounts for the majority with 46 projects.
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